greenmail

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  • noun

Words related to greenmail

(corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business

References in periodicals archive ?
Although not entirely clear, even before the enactment of section 162(k) greenmail payments were presumably nondeductible.
In addition to withdrawing TAM 8516002, TAM 8626001 specifically considered the treatment of greenmail payments.
Observation: This decision could adversely affect corporations that paid and deducted greenmail under a survival theory by threatening the deductibility of greenmail payments.
6 /PRNewswire/ -- Proposed limitations on greenmail payments by Jefferson-Pilot Corporation (NYSE: JP) have been "reluctantly withdrawn" by Resources Planning Corporation (RPC), a long-term JP shareholder.
to attach too much importance to the fact that a greenmail payment, for